Markets sold off as risk-off sentiment continue to seep into investors and traders’ heads.
Dow Jones in Orange, S&P 500 in Blue, NASDAQ in Red, Brent Crude in Teal The largest move downward was in the Oil markets, where Brent Crude and WTI were down 7 and 8% respectively, fearing that the dema
Australia July balance goods/svcs at A$+4,607 mln, s/adj vs the Reuters poll of +5,400 mln has tipped the Aussie to the session low.
Australia July goods/services exports -4 pct MoM, seasonally adjusted. Australia July goods/services imports +7 pct MoM, seasonally adjusted.
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Singapore's gross domestic product was down 13.2 percent on year in the second quarter of 2020, the Ministry of Trade and Industry said on Tuesday.
That was in line with expectations following the upwardly revised 0.3 percent contraction in the three months prior (originally -0.7 percent).
On a seas
Photo: Photo: Bloomberg
Credit Suisse recently announced that it has made three senior appointments for its China securities joint venture, Credit Suisse Founder Securities Limited (CSFS), as part of its China onshore strategy.
In particular, the Board of Directors of CSFS has named Tim Tu as the
FX option expiries for July 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
- EUR/USD: EUR amounts
- USD/JPY: USD amounts
Federal Reserve Bank of Atlanta’s GDPNow Index now sees the US economy contracting by 35.2% in the second quarter compared to the previous projection of 36.8% contraction made on July 1.
A month ago, the index was showing a 52.8% tumble in the second quarter.
GDPNow Index is the running estimate o
Germany’s influential IFO said on Monday, about one fifth (21%) of the German companies see their survival threatened by the coronavirus crisis.
“Travel agents, hotels and restaurants are particularly concerned.”
“We could see a wave of insolvencies in the coming months.”
GBP/USD is trading up +0.31% to 1.2513 amid an upbeat market mood. Today, all eyes are on US Nonfarm Payrolls, which are expected to show an ongoing recovery and, therefore, the cable should be underpinned, FXStreet’s analyst Yohay Elam informs.
“GBP/USD has broken above the downtrend res
Stocks may move to the upside in early trading on Wednesday, with the tech-heavy Nasdaq potentially reaching another new record high. While the Dow futures are pointing to a slightly higher open, rising by just 30 points, the Nasdaq futures are up by 79 points.
The Nasdaq may continue to benefit fro